For Founders Law

Tech, AI and SaaS

Investor due diligence prep

Get your records in order before investors ask. Taking money from investors.

What it is

Due diligence is the review an investor does of your company before committing money. It usually covers your corporate records, cap table, contracts, intellectual property and employment arrangements. We review those records first and give you a list of the gaps and how to fix them.

Gaps an investor’s lawyers find can slow a round down. Finding them yourself, before a term sheet, gives you time to fix them on your own schedule.

You likely need this if

  • You expect to raise in the next few months
  • An investor has asked for access to a data room
  • You incorporated quickly and aren’t sure the records are complete
  • Your cap table lives in a spreadsheet nobody has checked

What the starting price includes

  • Review of corporate records and cap table
  • List of gaps and fixes

What can change the price

  • State of the records

We tell you before doing anything outside the agreed scope, and agree the fee first.

Read first What do investors check in due diligence? Investors check that the company was set up properly, that its shares were issued and recorded correctly, and that it owns what it sells. In practice that means the minute book and cap table, any earlier SAFEs or notes and their securities filings, signed IP assignments from founders and contractors, key customer contracts, employment paperwork and privacy practices. Gaps rarely kill a seed deal, but they slow it down and often become closing conditions. Read the guide

Terms you’ll hear

Due diligenceMinute bookCap tableValuation capTerm sheetFixed fee

Often needed with it

Questions founders ask

What do investors usually check?

Corporate records and the minute book, the cap table and any SAFEs or options, key customer and supplier contracts, who owns the IP, and how the people working for you are employed or engaged.

Does the fixed fee include fixing the gaps?

The starting price covers the review and the list of gaps and fixes. Work to fix them depends on the state of the records, and we quote it before starting.

General information, not legal advice.

How it works

  1. A free 15-minute call. What you’re building and what you need.
  2. A written scope and fixed fee. Before any work starts.
  3. A short, tailored intake. A few focused questions for your matter, so we start with what we need.
  4. Drafting or review. Most work is back within three business days.
Send us a note All fees